Brighter Oil Group

Oil and Gas Industry Global Supply Chain Resources Integration Platform

  • Stage Full Product Ready
  • Industry Oil and Gas
  • Location Xi'an, Shaanxi, China
  • Currency CNY
  • Founded July 2014
  • Employees 7
  • Website brighteroil.com

Company Summary

Brighter Oil Group provides equipment and services manufactured in China for oil and gas companies around the world by means of resource integration through online and offline platform.

Benefits of customers: Customers can easily purchase cheap products with good quality and good services.

Benefits of manufacturers: Manufacturers can sell more products with higher price while fewer concerns

Benefits of industry experts: Experts will have the opportunity to earn more extra gains safely.

Benefits of Brighter: Brighter can make profits from the projects.

Two business orientations of Brighter: The first one is offline development of hot products. Realize "win-win-win" through imitating, upgrading, localizing of foreign advanced products, and promoting the products to overseas market. It may save costs by 20%—80% for oversea customers , increase Chinese manufacturers' profit margins by 30%—70% and realize profit margin of 30%—60% for Brighter. The second one is to build the first B2B platform for the industry. It will integrate 10,000 domestic manufacturers and industrial experts. It provides free dealing of user community to cultivate more oversea buyers and domestic sellers. Valued-added services will be provided at the mid-term. Other profitable opportunities can be created based on the cash flow of the platform at the later period.

Sources integrated: 1. Teams at the headquarter, including executives, engineers, marketers of foreign enterprises, state-owned enterprises and private enterprises in the industry; 2. A global network includes representative offices and contact persons in more than 10 countries such as Dubai, Russia, Nigeria and the United States; 3. Technical think tank, which integrates experts, engineers of the industry at home and abroad to provide technical guidance; 4. Suppliers: Audited and authenticated multiple domestic suppliers.

Market size: The total investment of global oil and gas upstream exploration in 2014 is RMB 4.65 trillion (the most basic survey data). More than half of the top ten of the world's top 500 are giant petroleum enterprises.

Characteristics of Brighter: Brighter is an enterprise with light assets and integrated resources. It combines internet thinking and traditional industry entity. It has broken through the trade forms of the traditional oil industry. The Company integrated offline resources, and established an online trading platform to comprehensively link the suppliers and purchasers, to accelerate the circulation velocity of information and products, as well as remove the intermediate costs.

Current performance: The turnover of 2014 is RMB300,000, and the turnover of the first half of 2015 is RMB9,000,000, an increase by 30 times. It has become a supplier of Total and CNPC (Both companies are ranked top ten of the Fortune Global 500). The products are exported to the Middle East through Baker Hughes of the United States (The third largest oil service company in the world).

Team

  • Sid Xi
    Vice general manager

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